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Bitcoin Miner Maker Canaan’s Stock Hits Record Low 1 Month After Halving
16.6.2020
Shares of Canaan Creative, one of the few publicly traded crypto miner manufacturers, fell below $2 Monday, their lowest after going public last year
Bitcoin Halving and Competitors Boost Pressure on Bitmain & Canaan
14.6.2020
The Bitcoin (BTC) mining hardware sector is opening up. New hardware manufacturers are entering the market with innovative new mining units, reducing the former dominance of major players such as Bitmain and Canaan.
And with the Bitcoin halving in May putting an extra squeeze on the profit margins...
Mining Hardware Maker Canaan Looks to Issue $12.4M in Stock to Employees
1.6.2020
Cryptocurrency mining ASIC producer Canaan filed with the U.S. SEC to issue around $12.4 million worth of shares to its employees
Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware
23.5.2020
Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first quarter of 2020, down from $9.5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent...
Gox Rising Offers USD 800 Per Bitcoin, Canaan Disappoints, Coldplay Player Goes Crypto + More News
22.5.2020
Brock Pierce of Gox Rising. Source: a video screenshot, Youtube, IPSE
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Puerto Rico-based firm Gox Rising, led...
Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut
22.5.2020
The China-based manufacturer had cut the pricing for its bitcoin miners by half during the first three months
Nasdaq to Reportedly Tighten IPO Rules for Chinese Firms, Crypto Potentially Affected
19.5.2020
Some Chinese companies could be left out of the world’s second-largest stock exchange as a result of proposed changes — and crypto is no exception
45 Older-Generation Bitcoin Miners Are Unprofitable After the Reward Halving
17.5.2020
On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are...
Blockchain Bites: Canaan and Galaxy Digital Report Losses, Fold Joins Visa and Indian Exchange Volume Skyrockets
9.4.2020
Today, Canaan and Galaxy Digital reported quarterly losses, Huobi announced a legally compliant way to reenter the U.S. market, and Binance denies stealing $1 million from one of its users
Bitcoin Miner Maker Canaan Lost $148 Million in 2019
9.4.2020
The Chinese bitcoin miner manufacturer has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million
Canaan IPO Class Action: Shareholders Must Decide Who Will Represent Them By May
7.4.2020
Canaan's stakeholders have a deadline set by May to name who will represent their interests in class-action lawsuit against the mining firm
Canaan Sued Over Alleged ‘Fake’ Deal, Stock Sees Historic Low
15.3.2020
The Nasdaq-listed Canaan is being attacked by angry investors who think that the company has exaggerated its financial health
Bitcoin’s Plunge Was Foreshadowed by Miner Inventory Data
9.3.2020
Bitcoin’s recent price drop has caught many investors off guard. However, a key metric showing worry among the miners gave a warning several weeks ago
Bitcoin Mining Rig Manufacturer Canaan Sued – Accused of Misleading IPO Investors
7.3.2020
Bitcoin mining rig manufacturer Canaan Inc. is being sued for allegedly breaking U.S. securities laws before its initial public offering (IPO). Phillippe Lemieux, a Canaan investor, filed a class-action lawsuit that claims the company violated the Securities Act of 1933. Lemieux believes Canaan...
Canaan Faces Class Action Lawsuit Alleging Dubious Practices During IPO
5.3.2020
Rosen Law Firm has filed a class-action lawsuit on behalf of investors in crypto mining hardware producer Canaan
Investors Sue Bitcoin Mining Giant Canaan; Shares Crashed 48% in 3 Months
5.3.2020
A securities class action lawsuit has already been filed against the second-largest producer of Bitcoin (BTC) mining equipment, China-based Canaan (CAN). Meanwhile, the price of its shares dropped by almost 50% since the trading begun in November.
In their press release, investor rights law firm...
Canaan Used ‘Bogus’ Deal to Attract Investment, Argues Analyst
4.3.2020
Canaan’s revenue promises are based on at least one bogus contract, according to analysts
Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit
27.2.2020
On Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19 series models that process between 95 to 110 trillion hashes per second (TH/s). The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster...
Coronavirus Quarantine Controls and Shipping Delays Impact Bitcoin Miners
21.2.2020
During the first week of February, a few of the top mining rig manufacturers from China revealed they were forced to postpone device shipments due to the ongoing coronavirus outbreak. Regional reports from the country now disclose that shipments will be delayed even longer and Chinese mining...
Crypto Mining Giant Canaan Partners With Blockchain Firm Northern Data
19.2.2020
Major mining hardware manufacturer Canaan and blockchain tech provider Northern Data AG will cooperate on blockchain and AI development